Optimal price and quantity under power demand pattern and non-linear holding cost.
Luis Augusto San-JoséJoaquín SiciliaLeopoldo Eduardo Cárdenas-BarrónJosé Miguel GutiérrezPublished in: Comput. Ind. Eng. (2019)
Keyphrases
- holding cost
- lead time
- asymptotically optimal
- total cost
- expected cost
- setup cost
- arrival rate
- infinite horizon
- single item
- high volume
- average cost
- planning horizon
- production cost
- replenishment policy
- single server
- heavy traffic
- order quantity
- lost sales
- lot sizing
- optimal control
- supply chain
- assembly systems
- dynamic programming
- inventory systems
- long run
- learning algorithm
- reinforcement learning
- special case
- inventory level
- queue length
- optimal strategy